Captive Operator, Reinsurer Sue Tech Startup For $36M In Unpaid Funding

( October 7, 2026, 8:08 AM EDT) -- WILMINGTON, Del. — A captive insurance program operator and reinsurer sued a technology startup company in the Delaware Chancery Court, alleging that the company, which established a captive program to provide automobile insurance coverage for customers using its car rental and car-sharing platform, breached its contractual obligations by failing to pay more than $36 million in capital contributions and other amounts demanded to fund growing claims under the program....